Bajaj Healthcare

NSE: BAJAJHCAREBSE: 539872
Compare with peers
₹ 313.50▼ 0.95 (−0.3%)29 Oct, 03:29 pm IST
Market cap
₹ 1,055 Cr.
P/E
18.1x
P/B
2.05x
52-week range
272.35 – 488.9
ROE
8%
ROCE
11%
Dividend yield
0.5%
Debt / equity
0.47
Sector
Pharmaceuticals & Biotechnology
Industry
Pharmaceuticals
Listed on
NSE, BSE

About

Bajaj Healthcare Limited is an India-based pharmaceutical company. The Company is engaged in activities of manufacturing, producing, developing and marketing a range of active pharmaceutical ingredients (APIs), bulk drugs, branded and generic formulations. It is focused on development, manufacturing and supply of amino acids, nutritional supplements and API for pharmaceutical, nutraceuticals and food industries. It operates through three segments: APIs, Finished Dosage Formulations (FDFs), and Intermediates. Its APIs include Ascorbic Acid IP, Sodium Ascorbate, Ferrous Ascorbate, and others. Its Intermediary products include Calcium Phosphoryl Choline Chloride (CPCC) and Chlorhexidine (CH Base). It offers a range of FDFs forms, including tablets, caplets, capsules, and oral powders, all available in bulk quantities. The FDFs products include Cholecalciferol Sachet, Ticagrelor Tablet, Pancreatin Capsules, levofloxacin Tablets IP, Bisacodyl Tablet IP, and others.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Pharmaceuticals: 221 companies →

Bajaj Healthcare against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)18.1 against a typical 34.3: cheaper than most peers (1st = cheapest).48th of 220
  • Sales growth+18.9% against a typical +15.6% from a year earlier.86th of 197
  • Profit growth+27.3% against a typical +18.9% from a year earlier.73rd of 160
  • Share price, 3 months−4.3% against a typical 0%.117th of 200
  • Size₹ 1,055.1 Cr. market value against a typical ₹ 507.7 Cr. (1st = largest).86th of 199

Latest announcements

Exchange filings and their impact on the company.

  • 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice +1.2% on 28 Oct
    Strong Q2 with 19% revenue and 27% PAT growth, on track for 10-15% FY27 growth at 18%+ margins toward Rs 900-1000 cr by FY29.

    Bajaj Healthcare reported a strong Q2 FY27 with revenue up 18.9% to Rs 175.9 cr and PAT up 26.9% to Rs 14.1 cr, with H1 revenue up 15.1% to Rs 341.5 cr at 18.1% EBITDA margin. Management said it is on track for 10-15% FY27 growth at 18-20% margins, launched Cenobamate tablets in September via 8 partners, got NCLT approval for Genrx, and was upgraded by India Ratings to IND A Stable. It is building a 250 kg peptide plant by March 2027, an oncology API plant by Q2 FY28 and a Nashik formulation plant, targeting Rs 900-1000 cr revenue by FY29 at 18-21% EBITDA margin.

    Filing
  • 17 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −0.8% on 19 Oct
    Strong Q2/H1 with 15-19% sales growth and sharply higher profits signals faster earnings recovery.

    Bajaj Healthcare reported unaudited Q2 FY27 revenue of Rs 175.9 crore, up about 19% from last year, and H1 revenue of Rs 341.5 crore, up about 15%. Continuing profit after tax was Rs 14.4 crore in Q2 and Rs 28.3 crore in H1, with total H1 profit of Rs 27.8 crore as losses from discontinued Tarapur and Dahej units narrowed. The growth came with heavy investment: Rs 61 crore capex in H1, higher inventories and receivables, and a rise in borrowings, partly offset by sale of part of the Dahej land.

    Filing
  • 14 Oct 2026General UpdatesLow impactPositivePrice +2.3% on 15 Oct
    NCLT approved Bajaj Healthcare's going-concern purchase of liquidated Genrx Pharma; size undisclosed, likely small capacity add.

    Bajaj Healthcare received NCLT Mumbai order dated October 13, 2026 approving its acquisition of Genrx Pharmaceuticals, which was in liquidation, on a going-concern basis. The filing follows earlier disclosures in April 2025 but gives no purchase price or financial details. The deal adds a distressed pharma asset that should aid capacity over time, with only a small near-term impact pending completion details.

    Filing
  • 12 Oct 2026General UpdatesLow impactPositivePrice −0.6% on 13 Oct
    Sold Dahej undertaking for undisclosed sum, giving small one-time cash and profit boost.

    Bajaj Healthcare has executed a deed to sell its undertaking at Plot D-2/CH/42 & 43, Dahej Industrial Area, Gujarat to Spa Vet Private Limited and Indosol Pure Technologies Private Limited. The filing confirms the buyers are not related parties but does not disclose the sale price. The deal should bring a small one-time cash inflow and profit while trimming fixed assets, with no major impact on core operations.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by India Ratings
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND A; IND A1Stable6 Aug 2026
Credit rating actions
RatingDetails
6 Aug 2026
▲ Upgrade
IND A—India Ratings₹ 282 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
17 Oct 2026Financial ResultsTo consider and approve the un-audited financial results for the quarter and half year ended September 30, 2026
20 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
8 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
18 Mar 2026Fund RaisingTo consider and approve the allotment of Equity Shares to the Promoter, Promoter Group and Person(s) belonging to the Non-Promoter Public Category, upon the exercise of options for conversion of Convertible Warrants into Equity Shares.
16 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
17 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025

Share price

1Y change −30.57%
0 of 4 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales109134132133123154149148161153166176
Expenses89118108109101143124121131130137145
Operating Profit201624252212252731232931
OPM %18%12%19%18%18%8%16%18%19%15%17%18%
Other Income−7−3604−113101−3411
Interest768866566666
Depreciation777778677878
Profit before tax−1−33914811141519−241618
Tax %58%−10%23%30%−39%1%17%24%17%−6%16%23%
Net Profit−2−30791211121116−231414
EPS in Rs−0.8−10.842.5833.713.543.753.524.96−6.794.074.19

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
11%
5 Years
−1%
3 Years
−2%
TTM
14%
Compounded Profit Growth
10 Years
17%
5 Years
−13%
3 Years
−1%
TTM
14%
Stock Price CAGR
10 Years
18%
5 Years
−4%
3 Years
−8%
TTM
—
Return on Equity
10 Years
12%
5 Years
8%
3 Years
3%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
58.58%
−0.61 pts in a year
FIIs
2.09%
+0.97 pts in a year
DIIs
1.96%
−1.03 pts in a year
Public
37.36%
+0.66 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 18.1xEPS (12 months) ₹ 17.60Median P/E 20.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Bajaj Healthcare₹ 313.50₹ 1,055 Cr.18.1x2.1x8%—
Sun Pharmaceutical Industries₹ 1,743.00₹ 4,18,194 Cr.38.4x5.6x14.2%19.1%
Divi's Laboratories₹ 8,984.00₹ 2,38,497 Cr.73.3x11.5x16.2%24.3%
Torrent Pharmaceuticals₹ 4,482.00₹ 1,70,475 Cr.72.7x19.2x27.1%15.3%
Cipla₹ 1,337.00₹ 1,08,011 Cr.27.6x3.3x11.8%13.7%
Zydus Lifesciences₹ 1,127.85₹ 1,12,503 Cr.21.2x4.2x19.7%18.5%

Management

Sajankumar Rameshwarlal Bajaj
Chairman of the Board, Managing Director, Executive Director
Rohan Parekh
Chief Financial Officer
Monica Tanwar
Company Secretary and Compliance Officer
Anil Champalal Jain
Joint Managing Director, Executive Director
Namrata Sajankumar Bajaj
Whole-Time Director

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